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Here Come Higher Taxes

November 2, 2012 by  

Here Come Higher Taxes
PHOTOS.COM

The election is about the only thing grabbing headlines at the moment; but after next week, the screams about the impending “fiscal cliff” will reach a deafening media roar.

If Congress doesn’t take action to come to an agreement in its budget negotiations, more than 30 million already cash-strapped American households could be hit with the Alternative Minimum Tax (AMT).

The election’s outcome is expected to serve well as an indicator of which party will have the most Congressional power in the discussions. But regardless of which Presidential candidate is elected, Americans’ taxes will go up if an agreement isn’t reached.

The Financial Services Roundtable urged lawmakers to “bridge over” the fiscal cliff to buy time to deal with more difficult issues surrounding taxes and spending.

“The fiscal cliff is imposing a negative drag on business lending, hiring, spending and investment right now, despite the actual ‘cliff’ being over two months away,” Tim Pawlenty, president and CEO of the Roundtable wrote to lawmakers.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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  • http://twistingyarn.wordpress.com twistingyarn

    Both Congress and the Senate have been grossly negligent in allowing the federal government to spend beyond its means. Now, they want to tax the rest of us to pay for it. Seize all their assets, take away their retirement and while your at it seize the Fed and its ill-gained fortunes as well. Then use that in the business of running our country instead of extorting more money from the citizens, many of which can no longer afford to eat thanks to the thievery of a corrupt bureaucracy.

    • moonbeam

      Absolutely agree! I’ve said the same thing in another post on here some time ago. Strip them of all their investments, retirement, bank accounts, cars, homes, everything. Make THEM pay instead of We the People being on the hook for their evil.

  • Doc Sarvis

    They’ll need the money to pay for Romney’s Defense Dept. increases – that the DOD does not even want.

    • Ted Crawford

      Not to worry Doc! The means tested entitlement checks will still be cut! Even in his spitefulness Obama wouldn’t dare stop those, that would get him Impeached, in a heartbeat! I wouldn’t be surprized, however, if he attempted to stop Social Security and Medicare payments!

  • Warrior

    I wonder what oblama’s and dingy harry’s attitude’s will be next week? Cooperative or petty, bitter and vindictive? I say the latter.

    • Ted Crawford

      I’m betting the farm (and I don’t even have a farm) that you are right here Warrior! In addition to that , if what I’m hearing is the truth, many of the Regulatory Agencies are poised to drop large numbers of regulations on our heads after the election. Lead, it seems, by Lisa Jackson and the EPA, but almost certainly by Steven Chu, Ken Salazar, and Arne Duncan, at the very least!

  • Bob Rice

    IF you all think its bad now,IF oreo (small letters on purpose) loses the upcoming election (THANK YOU GOD) oreo will use the time between the election,and the time of the inaguration,to pass as many of his infamous bills (blurbs) as he possibly can,, The time to lock and load is ALMOST here…..

  • TIME

    Yes indeed the { Landloards } want more from you, ~~ afterall as every American is now and { “Indentured servant” } to the Global Bankers who have stolen countless Trillions of hard earned Americans money, ~ all the while your special LAW MARKERS have allowed this behavior to go on and on year after year.

    Afterall that new home and the new cars the stock accounts ~ and all the pther perks made them punch drunk.

    Now after these special people have sold ~YOU ~ all of your land / Gold / Silver / Rights ~ Freedoms / well just about everything.
    The Global Bankers or perhaps better said YOUR ~ “LandLords” ~ want more from you.

    So buckel up kids, ~ as nothing will ever be enough to make these Vampires happy.

    When will you all get it? What the hell will it take to wake you up.

    $16 Trillion dollars in debt, thats just today, in a few weeks it will be $17 Trillion and then $18 Trillion, ~~ yet we have ~ NO ~ way of ever paying it back!

    Thus you as Americans are “Indentured Servants” to the Global Bankers,

    Oh well I bet some of you still hate the guy who worked his ass off to make a living, yet you want to be loved by the very people who have used you and taken advantage of you, robbed you blind and enslaved you. ~ Now thats just wierd ~ let alone very strange.

    Peace and Love be with you, Got your bus Tickets yet?

  • alpha-lemming

    As to taxes…. it occured to me that we 52% are paying 100% of the income taxes. And, ironically, that’s the same 52% that’s “not paying their fair share”. Which begs the question…. what’s fair?? 110%?? 125%?? 133%?? of the total?? Based on that logic, the “fiscal cliff” would be the patriotic “fair” thing and this is nothing more than a market correction to put Government in its imagined proper omnipotent role.

  • http://none Claire

    Taxes should be in accordance with what people earn. No ifs, ands, or buts.

  • jopa

    The middle class is paying their fair share that’s why Obama will not raise the taxes on them if he can get the Republicans to go along.The first $250,000.00 of anyone’s income will not be affected by his plan and it’s just a very small 2-3% hike for the super rich.Just a lot of bellyaching over trivial matters in a time of war when we need an additional source of income to support the troops.

  • jopa

    If Romney gets in there goes your mortgage deduction, charity contributions and child credits.That’s the only way to pay for his expanded six trillion dollar spending package and that won’t even be enough especially when his income group will be getting a huge tax cut.The man is just a puppet and for himself only.Him and his wife think he is the chosen one and it’s his turn to be the next President.The guy is a jerk and an embarrassment to this nation.

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